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Greenlight Capital Re recorded a $30 million net profit in the third quarter of 2016 compared with a net loss of $219.7 million for the same period of 2015. Nevertheless, ratings agency AM Best downgraded the financial strength rating of Greenlight Reinsurance citing underwriting weaknesses.
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Greenlight Re, AM Best, Cayman, Ireland, Results, Rating, David Einhorn, Bart Hedges
